Just curious about it, if anyone can help
View on r/NepalStock by Affectionate-Draw696
Share via:
Also Read:
NMB Bank has completed the sale of its 10.75% -2089/2090 NMB Debenture.
Gold Price Surges by Rs. 800 per Tola in the Domestic Market; Silver Also Rises by Rs. 40 per Tola
“Vision Lumbini Urja IPO Open to Kaski District Locals and Nepalese Abroad; Extension Possible for Locals”
Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80
Nepal’s Trade Deficit Stands at Rs. 12.04 Kharba for First Ten Months of Fiscal Year
Infinity Laghubitta Bittiya Sanstha Limited Reports Decreased Net Profit in Q3, with Decline in Core Revenue and Operating Profit
U r interest income is taxable five percent is deducted in return
5% will be deducted on any interest you earn
5% final withholding tax meaning the tax will be deducted when the interest is paid out and the one who receives does not need to do anything.
Suppose.
Fixed deposit amount rs 100000,
Interest rate 10% annually,
Interest paid out period monthly or quarterly(3 months),
If monthly then 100000*.1= 10000, 10000/12= 833.33 per month, then 5% capital gain tax is imposed so 833.33*.95= rs791.66